Should You Sell Or Hold PN Gadgil? Here’s What Brokerages Are Saying

PN Gadgil, a Pune-based jewelry company with a strong historical presence, made a striking debut on the stock market. Its issue price was set at ₹480, and the listing price surged to ₹834 on the BSE, reflecting a 74% gain, with similar performance at ₹830 on the NSE, a 73% increase. The IPO, sized at ₹1,100 crore, was highly subscribed at 59.4 times. Market experts have shared mixed views on the stock. Prashanth Tapse from Mehta Equities recommends holding the stock for the long term, citing strong market share, experienced management, solid financials, and robust expansion plans as positives, though he warns of high valuations, gold price fluctuations, and geographic concentration. Shivani Nyati from Swastika Investmart suggests short-term investors book partial profits while advising long-term investors to set a stop loss around ₹750. Akriti Mehrotra from Stoxbox recommends holding the stock with a medium to long-term view, and Mahesh Ojha from Hensex Securities advises new investors to buy on dips in the ₹650-700 range. Listen in